Commodities

Canadian farmers are likely to produce average-size wheat and canola crops this autumn, but years of drought have made rain critical for the plants to fulfill their potential, farmers and analysts said this week at the Ag in Motion farm show.

Mark Carney opened Thursday’s First Nations major projects summit trying to turn the page, but attendees were quick to say that it’s going to take more than one meeting to build consensus around Ottawa’s plans to rapidly develop new energy and infrastructure projects.

Industry Minister Melanie Joly says government intervention will be necessary for the Canadian steel industry’s survival, as U.S. tariffs continue to threaten it.

The global flow of metals and minerals is being significantly impacted by geopolitical tensions and a growing deglobalization trend, according to one expert, who says commodity trading is becoming less efficient and more costly.

As the world’s petroleum producers increase the global supply of oil, one market watcher says resilient demand for crude could push prices higher than traders expect in the second half of this year.

Global copper traders are offering cargoes to Chinese buyers as they look to offload metal no longer able to reach the U.S. before tariff deadline.

The Organization of Petroleum Exporting Countries (OPEC) continues to boost oil production, with more than 500,000 additional barrels per day set to hit global markets in August, in a bid to regain market share lost to other oil producers, an energy expert says.

Strong global demand and a tight supply of copper has raised the price of the metal to record highs this year, and a threat from U.S. President Donald Trump to impose new copper import tariffs will only send prices higher, an expert says.

Ghana’s president launched a special task force on Tuesday to combat rampant illegal gold mining and smuggling that has long plagued the West African nation.

Alberta Premier Danielle Smith says her government plans to hold public consultations this fall about adding nuclear power to the province’s energy mix.

Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact of U.S. tariffs, with prices mostly reversing early losses as a tight physical market lent support.

Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with cash flow.

A subsidiary of a Norwegian energy company wants to build a liquefied natural gas export project in Quebec.

The company operating a major Quebec aluminum smelter says it will invest at least $1.5 billion in its North Shore facilities over the next 20 years.

The Chinese government is signalling enough is enough when it comes to the fierce competition in the country’s electric car market.